Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690.
It listed at Rs 1,316, reflecting a steep jump of 90.72 per cent on the BSE. The stock further surged 94.34 per cent to Rs 1,341.
At the NSE, it made its debut at Rs 1,310, jumping 89.85 per cent.
The initial public offer of Go Fashion (India) Limited last week received a whopping 135.46 times subscription.
The Rs 1,013.6-crore IPO had a price range of Rs 655-690 per share.
The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’.
Its bottom-wear products, including churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers and jeggings are sold across multiple categories like ethnic wear, western wear, fusion wear, athleisure and types of denim.